10 For 1 Stock Split Announced

Nvidia Stock Split: 10-for-1, Quarterly Dividend Increase

10-for-1 Stock Split Announced

Nvidia Corporation (NASDAQ: NVDA) has announced a 10-for-1 stock split in the form of a stock dividend. Based on Wednesday's closing price of $949.50, each share would be worth approximately $94.95 after the split. The split will take effect on June 7, 2024.

Quarterly Dividend Increase

In addition to the stock split, Nvidia also announced an increase in its quarterly dividend by 150%, from $0.04 to $0.10 per share. This increase will take effect on a post-split basis.

Strong Financial Performance

The stock split and dividend increase come amid strong financial performance for Nvidia. The company's stock has gained 540% since early last year, driven by triple-digit revenue and profit growth resulting from surging demand for artificial intelligence (AI).

Impact on Investors

The stock split is expected to make Nvidia shares more accessible to a wider range of investors by increasing the number of shares outstanding and lowering the share price. The dividend increase is also a positive development for investors, as it represents a commitment by Nvidia to return cash to shareholders.

Conclusion

Nvidia's stock split and dividend increase are positive developments for investors and reflect the company's strong financial performance. The split will make Nvidia shares more accessible to a wider range of investors, while the dividend increase represents a commitment by Nvidia to return cash to shareholders.